Abstract:This study aims to calculate Indonesian pension funds using the Group Self Anuitization method and Makeham's death law. The calculation of the GSA method is almost the same as the calculation of an annuity for life, so the price determination procedure includes calculating the level of annuity payments. The death rate is projected by Makeham Mortality Law based on Indonesian Mortality Table IV. Based on an analysis with the same premium amount, it is known that the benefits of male pension funds are greater th… Show more
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